Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Mikey who wrote (454)	11/29/1997 2:52:00 AM
From: Steve Fancy	Respond to of 22640

Brazil officials say privatisation on track By Ben Hirschler LONDON, Nov 28 (Reuters) - The successful sale of three electricity distributors demonstrates Brazil's privatisation programme remains on track, despite recent market turmoil, officials said on Friday. biz.yahoo.com

To: Uncle Mikey who wrote (454)	11/29/1997 2:59:00 AM
From: Steve Fancy	Respond to of 22640

Brazil's Cardoso says tax hike impasse resolved BRASILIA, Nov 28 (Reuters) - Brazilian President Fernando Henrique Cardoso said Friday he and lawmakers in Congress had resolved their differences over a proposed increase in income tax, one of the measures included in an emergency fiscal plan. biz.yahoo.com Comment: Sounds like this may have initially been perceived as a negative, or at least scared they buyers off until further clarification. Hopefully will be a positive for early next week. Always the optimist. sf

To: Uncle Mikey who wrote (454)	11/29/1997 3:12:00 AM
From: Steve Fancy	Respond to of 22640

Brazil shares down late in day, unmoved by Cardoso SAO PAULO, Nov 28 (Reuters) - Brazilian stocks were lower in weak trade late Friday, as investors shrugged off President Fernando Henrique Cardoso's announcement of a deal with Congress on a proposed tax increase, brokers said. biz.yahoo.com

To: Uncle Mikey who wrote (454)	11/29/1997 3:25:00 AM
From: Steve Fancy	Respond to of 22640

Brazil shrs end down 2.33 pct in lacklustre trade SAO PAULO, Nov 28 (Reuters) - Brazilian shares ended down 2.33 percent in slow trade Friday as investors opted to hug the sidelines amid a lack of market-moving news, brokers said. Market turnover shrunk to a meagre 426 million reais ($384 million), the lowest recorded this month so far, traders said. ''It was a slow day. Players became bearish towards the session's end when some rumours about a hike in capital gains tax were heard,'' said one trader. biz.yahoo.com Comment: Hmmm...naw, they wouldn't do that. Monday will be an up day? sf

To: Uncle Mikey who wrote (454)	11/29/1997 3:33:00 AM
From: Steve Fancy	Respond to of 22640

Brazil's Cardoso cuts deal on austerity plan By John Miller SAO PAULO, Nov 28 (Reuters) - Brazilian President Fernando Henrique Cardoso said on Friday he cut a deal with lawmakers to ease passage of a tough austerity package, but he promised it would not weaken the plan's belt-tightening impact. biz.yahoo.com

To: Uncle Mikey who wrote (454)	11/29/1997 3:42:00 AM
From: Steve Fancy	Respond to of 22640

Brazil's first private cellphone company starts up By William Schomberg BRASILIA, Nov 28 (Reuters) - The privatization of Brazil's massive telecommunications industry took another step forward Friday when a first competitor to state-owned Telebras (NYSE:TBR - news; TEL_p.SA) began operating a privately-run cellphone system. biz.yahoo.com Comment: Not sure what to make of this.